Q.
(a) Explain five (5) essentials of a contract. (10 marks)
(b) On January 2016 Sam wrote to Ali offering to sell his house for RM500,000. On June 2016 Ali replied saying, "I accept your offer, but I consider that RM450,000 is enough." Sam had in fact sold the house to Lin on 1 May 2016.
Advise Ali on his legal rights. (10 marks)
(20 marks, 2016 Q8)
A.
a)
Similar question was asked in
4 elements of a legal contract
Essential elements of contract
b)
The scenario is about counter offer which terminate the initial offer. Ali has terminated the offer. Sam had the liberty to sell his house to Lin as there was no more offer to Ali.
Ref:
Earlier post.